A similar sentiment saw canal to rail trans-shipment basins in the Birmingham area where the GWR and LMS overlapped.
It was a bit more complicated than that. The London & North Western Railway was granted a ‘perpetual lease’ of the Birmingham Canal Navigation by Act of Parliament as early as 1846. The railway never ‘owned’ the canal.
Because much of the West Midlands industry pre-dated main line railways the dense canal network gave immediate access without building lots of branch lines.
The lease also ensured that neither the Great Western nor Midland could buy or take over the canals to build competing lines. So the GWR and MR had to have their own additional interchange basins and give money to the L&NWR for the ‘last mile’ on water. Win, win!
Because the canals were largely on one of two extensive ‘levels’ with no locks to negotiate for most trips they were remarkably efficient for short trips with no signal boxes, shunting engines and whatnot.
The canal network continued to expand for quite a while. The Cannock Extension was the last significant narrow canal to be built, in the 1860s. It was constructed just like a railway - straight and with ‘blue’ engineering brick structures.
The canals of the West Midlands were like no others and continued to carry millions of tons of traffic well into the 20th century.